$30,000,000

8115 Via Alta Whittier, CA 90602

Estimated payment $192,196/month

Total Views 394
3 Beds
3 Baths
56,567 Sq Ft
$530 Price per Sq Ft

Highlights

  • Popular Property
  • 2.25 Acre Lot
  • Central Heating and Cooling System
  • In Ground Pool
  • Laundry Room
  • Dog Park

About This Home

We are proud to present a unique multifamily investment opportunity in Whittier, California, featuring a newly constructed, 60-unit Class-A suburban property.
Cierra Apartment Homes is a 2023 newly constructed asset being offered as an exceptional investment opportunity situated in the Eastern Los Angeles submarket. This community boasts high- quality finishes and is ideal for private capital investors. Its prime location, modern design, and desirable amenities make it a standout property in the area.
Situated on a highly visible infill site along Via Alta, Cierra Apartments features contemporary architecture and lush landscaping. The property is conveniently located within a short commute to major
employment centers, including downtown Los Angeles, the Inland Empire, and Orange County. The building’s 60 units offer inviting and stylish interiors modern refuge with the latest finishes and appliances. The thoughtful hardscaping and streamlined exterior create a sense of spaciousness that is rare for a property of this size. The communal areas are a distinctive feature, setting Cierra apart as a premier luxury residence.
Given the limited supply of new multifamily properties in the region due to constrained land availability and local zoning restrictions, Cierra Apartments is well-positioned to benefit from strong rent growth.
Cierra is a prime income-producing property and a great long-term investment asset. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Listing Agent

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 09/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023

Lot Details

  • 2.25 Acre Lot
  • Two or More Common Walls

Parking

  • 60 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 56,567 Sq Ft Home
  • 3-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • In Ground Spa

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 502
  • Assessor Parcel Number 8165008019
  • $2,113 per year additional tax assessments

Community Details

Overview

  • 6 Buildings
  • 60 Units

Recreation

  • Dog Park

Building Details

  • 58 Leased Units
  • Rent Control
  • 60 Separate Electric Meters
  • 60 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $12,364
  • Fuel Expense $5,748
  • Gardener Expense $15,792
  • Insurance Expense $51,000
  • Maintenance Expense $28,930
  • Other Expense $12,000
  • Pest Control $5,988
  • Pool Expense $7,980
  • Professional Management Expense $250,561
  • Supplies Expense $38,226
  • Trash Expense $36,913
  • Water Sewer Expense $38,991
  • New Taxes Expense $347,574
  • Operating Expense $852,067
  • Gross Income $2,429,807
  • Net Operating Income $1,504,846

Property Details

Home Type

Multi-Family

Year Built

Built in 2023

Lot Details

0

Parking

60

Listing Details

  • CapRate: 5.02
  • Other Phone Description: Kevin Sin
  • Other Phone Number: 909-837-8852
  • Price Per Unit: 500000
  • Professional Management Expense: 250561.00
  • Property Attached: Yes
  • Supplies Expense: 38226.00
  • Water Sewer Expenses: 38991.00
  • Zoning: WHM1*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 15792.00
  • Parcel Number: 8165008019
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Stories: 3
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 530.34
  • Spa Features: Private, In Ground

Exterior Features

  • Pool Expense: 7980.00
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 60.00
  • Total Parking Spaces: 60.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Pest Control Expense: 5988.00
  • Sewer: Public Sewer
  • Trash Expense: 36913.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Dog Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 98213.00
  • Lot Size Acres: 2.2547

Multi Family

  • Electric Expense: 12364.00
  • Fuel Expense: 5748.00
  • Gross Income: 2429807.00
  • Gross Multiplier: 12.35
  • Gross Operating Income: 2356913.00
  • Gross Scheduled Income: 2429807.00
  • Insurance Expense: 51000.00
  • Lot Size Area: 98213.0000 Square Feet
  • Maintenance Expense: 28930.00
  • Net Operating Income: 1504846.00
  • Number Of Separate Electric Meters: 60
  • Number Of Separate Gas Meters: 60
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 58
  • Number Of Units Total: 60
  • Operating Expense: 852067.00
  • Other Expense: 12000.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 2327347.00
  • Total Expenses: 852067.00
  • Vacancy Allowance: 72894

Tax Info

  • New Taxes Expense: 347574.00
  • Tax Census Tract: 5020.03
  • Tax Lot: 1
  • Tax Tract Number: 502...
  • TaxOtherAnnualAssessmentAmount: 2113.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 For Sale $30,000,000 0.0% $530 / Sq Ft
07/24/2025 07/24/25 For Rent -- -- --
04/04/2025 04/04/25 Off Market -- -- --
09/04/2024 09/04/24 Price Changed $2,791 0.0% $4 / Sq Ft
09/02/2024 09/02/24 Price Changed $2,791 -0.7% $4 / Sq Ft
08/28/2024 08/28/24 Price Changed $2,810 +0.7% $4 / Sq Ft
08/21/2024 08/21/24 Price Changed $2,791 +0.1% $4 / Sq Ft
08/15/2024 08/15/24 Price Changed $2,788 0.0% $4 / Sq Ft
08/06/2024 08/06/24 Price Changed $2,788 -1.2% $4 / Sq Ft
07/31/2024 07/31/24 Price Changed $2,821 0.0% $4 / Sq Ft
07/24/2024 07/24/24 Price Changed $2,821 0.0% $4 / Sq Ft
07/24/2024 07/24/24 For Rent $2,821 +0.6% --
08/07/2023 08/07/23 For Rent -- -- --
06/23/2023 06/23/23 For Rent -- -- --
06/14/2023 06/14/23 For Rent -- -- --
03/18/2023 03/18/23 Price Changed $2,805 0.0% $4 / Sq Ft
02/20/2023 02/20/23 Price Changed $2,805 0.0% $4 / Sq Ft
02/17/2023 02/17/23 Price Changed $2,805 +274.0% $4 / Sq Ft
02/16/2023 02/16/23 Price Changed $750 -73.3% $1 / Sq Ft
02/12/2023 02/12/23 Price Changed $2,805 0.0% $4 / Sq Ft
01/01/2023 01/01/23 Price Changed $2,805 0.0% $4 / Sq Ft
10/27/2022 10/27/22 Price Changed $2,805 0.0% $4 / Sq Ft
07/24/2022 07/24/22 Price Changed $2,805 -- $4 / Sq Ft
07/20/2022 07/20/22 For Rent -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25198544

California Regional Multiple Listing Service (CRMLS)